Special Opportunities REIT cancels London IPO due to insufficient demand and UK commercial real estate concerns.
Special Opportunities REIT cancelled its planned London IPO due to insufficient demand to meet the £250m minimum fundraise requirement. The property trust aimed to raise £500m for property acquisitions, but investor concerns over the UK commercial real estate market led to the decision. This marks another setback for London's struggling IPO market, where a long-awaited rebound has not yet materialized.
June 12, 2024
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